MIRA INFORM
REPORT
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Report Date : |
03.01.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Grafenberger Allee
151, D 40237 Düsseldorf |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
22.05.1996 |
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Com. Reg. No.: |
HRB 33411 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of other machinery |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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Maximum Credit Limit : |
63.500 EUR |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
Main address
Grafenberger Allee 151
D 40237 Düsseldorf
Telephone:0211/69062-0
Telefax: 0211/69062-16
Homepage: www.tarasteel.com
E-mail: info@tarasteel.com
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1996
Shareholders'
agreement: 13.03.1996
Registered on: 22.05.1996
Commercial Register: Local court
40213 Düsseldorf
under: HRB 33411
Share capital:
EUR 1.500.000,00
Shareholder
Fulad Metil
(Privat AG)
IR - Teheran
Legal form: Public
limited company
Share: EUR 1.500.000,00
Manager
Farhad Dianat
Sabatgilani
D 40210 Düsseldorf
having sole power
of representation
born: 21.03.1956
Profession:
Businessman
COMPANY HISTORY
17.06.1996 - 30.09.1997
TARA Steel Trading GmbH
Königsallee 100
D 40215 Düsseldorf
Private limited
company
BUSINESS ACTIVITIES
Sectors
46692 Wholesale of other
machinery
46721 Wholesale of iron ores,
iron, steel and iron and steel semi-finished goods
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information: We have no
negative information at hand.
Maximum credit: 63.500 EUR
Balance sheet year: 2008
REAL ESTATE
Type of ownership: proprietor
Share: 100,00 %
Address Grafenberger Allee 151
D 40237 Düsseldorf
Land register documents were not available.
BANKERS
COMMERZBANK, DÜSSELDORF
Sort. code: 30040000, BIC: COBADEDDXXX
EUROPÄISCH-IRANISCHE
Sort. code: 20310300, BIC: EIHBDEHHXXX
FINANCIAL FIGURES
Gross
profit or loss:2008 EUR
3.724.949,00
Profit: 2008 EUR 211.974,00
Employees:
6
BALANCE SHEETS
Balance
sheet ratios 2008
Equity
ratio [%]: 21,07
Liquidity
ratio: 0,23
Return
on total capital [%]: 1,67
Balance
sheet ratios 2007
Equity
ratio [%]: 27,61
Liquidity
ratio: 1,13
Return
on total capital [%]: 3,15
Equity ratio
The equity ratio indicates the portion of the equity as compared to the
total capital. The higher the equity ratio, the better the economic stability
(solvency) and thus the financial autonomy of a company.
Liquidity ratio
The liquidity ratio shows the proportion between adjusted receivables
and net liabilities. The higher the ratio, the lower the company's financial
dependancy from external creditors.
Return on total capital
The return on total capital shows the efficiency and return on the total
capital employed in the company. The higher the return on total capital, the
more economically does the company work with the invested capital.
Type of balance sheet:
Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR
12.680.308,63
Fixed assets EUR 1.716.314,65
Tangible assets EUR 1.716.314,65
Land / similar rights EUR 1.673.803,65
Other tangible assets / fixtures and
fittings EUR 42.511,00
Current assets EUR 10.958.377,16
Stocks EUR 6.335.929,72
Accounts receivable EUR 1.357.092,56
Other debtors and assets EUR 1.357.092,56
Liquid means EUR 3.265.354,88
Remaining other assets EUR 5.616,82
Accruals (assets) EUR 5.616,82
LIABILITIES EUR 12.680.308,63
Shareholders' equity EUR 2.214.032,19
Capital EUR 1.500.000,00
Subscribed capital (share capital) EUR
1.500.000,00
Balance sheet profit/loss (+/-) EUR 714.032,19
Profit / loss brought forward EUR 502.057,80
Annual surplus / annual deficit EUR 211.974,39
Provisions EUR 773.265,00
Liabilities EUR 9.693.011,44
Financial debts EUR 7.263.202,99
Liabilities due to banks EUR 7.263.202,99
Other liabilities EUR 2.429.808,45
Liabililties due to related
companiesEUR 457.283,99
Unspecified other liabilities EUR 1.972.524,46
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 3.724.948,70
Staff expenses EUR 579.948,86
Wages and salaries EUR 516.945,20
Social security contributions and
expenses for pension plans and
benefits EUR 63.003,66
Total depreciation EUR 55.510,68
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 55.510,68
Other operating expenses EUR 1.652.680,49
Operating result from continuing
operations EUR 1.436.808,67
Interest result (+/-) EUR -1.050.026,34
Interest and similar income EUR 345.892,05
Interest and similar expenses EUR 1.395.918,39
Financial result (+/-) EUR -1.050.026,34
Result from ordinary operations (+/-) EUR
386.782,33
Income tax / refund of income tax
(+/-)EUR -169.879,75
Other taxes / refund of taxes EUR -4.928,19
Tax (+/-) EUR -174.807,94
Annual surplus / annual deficit EUR 211.974,39
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2007 - 31.12.2007
ASSETS EUR 8.845.882,45
Fixed assets EUR 1.770.294,65
Tangible assets EUR 1.770.294,65
Land / similar rights EUR 1.711.131,65
Other tangible assets / fixtures and
fittings EUR 59.163,00
Current assets EUR 7.065.401,88
Stocks EUR 100.000,00
Accounts receivable EUR 6.571.707,45
Other debtors and assets EUR 6.571.707,45
Liquid means EUR 393.694,43
Remaining other assets EUR 10.185,92
Accruals (assets) EUR 10.185,92
LIABILITIES EUR 8.845.882,45
Shareholders' equity EUR 2.002.057,80
Capital EUR 500.000,00
Subscribed capital (share capital) EUR 500.000,00
Balance sheet profit/loss (+/-) EUR 1.502.057,80
Profit / loss brought forward EUR 1.223.732,44
Annual surplus / annual deficit EUR 278.325,36
Provisions EUR 198.839,36
Liabilities EUR 6.644.729,44
Financial debts EUR 4.422.003,85
Liabilities due to banks EUR 4.422.003,85
Other liabilities EUR 2.222.725,59
Liabililties due to related
companiesEUR 440.310,23
Unspecified other liabilities EUR 1.782.415,36
Other liabilities EUR 255,85
Deferrals (liabilities) EUR 255,85
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 2.910.855,46
Staff expenses EUR 524.935,03
Wages and salaries EUR 463.747,94
Social security contributions and
expenses for pension plans and
benefits EUR 61.187,09
Total depreciation EUR 59.131,37
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 59.131,37
Other operating expenses EUR 1.275.860,57
Operating result from continuing
operations EUR 1.050.928,49
Interest result (+/-) EUR -575.419,43
Interest and similar income EUR 268.801,55
Interest and similar expenses EUR 844.220,98
Financial result (+/-) EUR -575.419,43
Result from ordinary operations (+/-) EUR
475.509,06
Income tax / refund of income tax
(+/-)EUR -192.045,36
Other taxes / refund of taxes EUR -5.138,34
Tax (+/-) EUR -197.183,70
Annual surplus / annual deficit EUR 278.325,36
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.81 |
|
|
1 |
Rs.59.81 |
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Euro |
1 |
Rs.69.29 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.